7 risk areas for the 2014 audit cycle

Revenue recognition, internal control over financial reporting, and professional skepticism are among the seven key areas for 2014 audit consideration, according to an alert sent Thursday by the Center for Audit Quality (CAQ).

The alert is designed to help public company auditing firms address risks quickly and proactively and remind them of considerations that may be relevant for the 2014 audit cycle. Read more on the Journal of Accountancy.